At least there has been some type of disclosure. But does not go far enough towards market, investor or shareholder confidence.
The new directors on board seem to have some sort of understanding of the concerns of LT shareholders but need to be more proactive in the forthcoming of information.
It is concerning as to the amount of shares that have been issued and given away over the last 12 months.
On 3/6/13 there were 634,207,714 issued shares in MOT. As of today there are 3,267,627,428 issued shares in MOT. 2,633,419,714 issued shares in MOT for NO revenue what so ever.
Why have we issue another 250,000,000 shares to Cu2 when we have already issued on: 28/8/13 45,000,000 24/10/13 155,000,000 A grand total of 500,000,000 shares. No shares should have been or be issued until milestones and revenue streams have been achieved. We have been down this path too many times previously.
Any meeting to approve any item or the issue of shares has been well and truly put in the hands of who knows who. Not good enough in my view.
IMO DYOR
MOT Price at posting:
0.1¢ Sentiment: None Disclosure: Held
